NEW
YORK, July 12, 2024 /PRNewswire/ -- The Gross
Law Firm issues the following notice to shareholders
of Teladoc Health, Inc. (NYSE: TDOC).
Shareholders who purchased shares of TDOC during the class
period listed are encouraged to contact the firm regarding possible
lead plaintiff appointment. Appointment as lead plaintiff is not
required to partake in any recovery.
CONTACT US HERE:
https://securitiesclasslaw.com/securities/teladoc-health-inc-loss-submission-form-2/?id=90341&from=4
CLASS PERIOD: November 2,
2022 to February 20, 2024
ALLEGATIONS: The complaint alleges that
during the class period, Defendants issued materially false and/or
misleading statements and/or failed to disclose that: (1) Teladoc
continued to expand its marketing spend throughout 2023, despite
public assurances that it would pull back its advertising spending;
(2) increased marketing spend on BetterHelp, a Company division and
online counseling service, deteriorated Teladoc's revenue, with
little return for that investment; (3) despite Teladoc's
acknowledgment that increased advertising spend would be marginally
inefficient due to market saturation, it continued to grow its
advertising spend in the BetterHelp business; and (4) despite
public statements that there remained "a long runway" for
BetterHelp membership growth, BetterHelp's membership stagnated and
then decreased in 2023, due to market saturation, largely due to
BetterHelp's own marketing. When the true details entered the
market, the lawsuit claims that investors suffered damages.
DEADLINE: July 16, 2024
Shareholders should not delay in registering for this class action.
Register your information here:
https://securitiesclasslaw.com/securities/teladoc-health-inc-loss-submission-form-2/?id=90341&from=4
NEXT STEPS FOR SHAREHOLDERS: Once you register as a
shareholder who purchased shares of TDOC during the timeframe
listed above, you will be enrolled in a portfolio monitoring
software to provide you with status updates throughout the
lifecycle of the case. The deadline to seek to be a lead plaintiff
is July 16, 2024. There is no cost or
obligation to you to participate in this case.
WHY GROSS LAW FIRM? The Gross Law Firm is a nationally
recognized class action law firm, and our mission is to protect the
rights of all investors who have suffered as a result of deceit,
fraud, and illegal business practices. The Gross Law
Firm is committed to ensuring that companies adhere to responsible
business practices and engage in good corporate citizenship. The
firm seeks recovery on behalf of investors who incurred losses when
false and/or misleading statements or the omission of material
information by a company lead to artificial inflation of the
company's stock. Attorney advertising. Prior results do not
guarantee similar outcomes.
CONTACT:
The Gross Law Firm
15 West 38th Street, 12th floor
New York, NY, 10018
Email: dg@securitiesclasslaw.com
Phone: (646) 453-8903
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SOURCE The Gross Law Firm